The dispute broke out last year over changes to health benefits and pension plans. National Grid said the new contract, which will last for five and a half years, includes pension and wage increases for current employees and defers implementation of a health insurance cost-sharing scheme. “We made the progress we had set out to make on healthcare and transitioning new hires to 401(k) plans,” said Marcy Reed, president of National Grid in Massachusetts.

National Grid and unions representing the more than 1,200 natural gas workers who have been locked out for months announced a tentative agreement that could bring an end to the bitter dispute. The utility and union leaders announced the deal in a brief, joint statement late Wednesday night following intense negotiations and increasing concern among state officials who had pressured National Grid to end the lockout. The workers, including those who maintain natural gas infrastructure in National Grid's eastern Massachusetts service area, were locked out by the utility in July after a previous collective bargaining agreement expired.

Massachusetts lawmakers approved legislation Monday that would extend state unemployment benefits to about 1,200 natural gas workers who have been locked out in a bitter contract dispute with National Grid since July. The measure sent to Republican Gov. Charlie Baker's desk during an informal Christmas Eve session of the Legislature is aimed at ensuring workers continue to receive benefits when their initial, six-month unemployment compensation period concludes next month. Democratic leaders have repeatedly called on National Grid to end the lockout and took the unusual step of intervening legislatively as the impasse dragged on.

How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

WALTHAM, Mass., Dec. 19, 2018 /PRNewswire/ -- "Today, two of National Grid's service territories, MA and RI, along with jurisdictions across the Northeast and Mid-Atlantic, made a historic commitment to address one of the largest challenges threatening our clean energy future – transportation emissions.

PLC (NG.LN) said Tuesday that it was “disappointed” by U.K. regulatory proposals to cut the rate of return for investments in electricity and gas networks. Energy regulator Ofgem said it intends to set baseline returns to shareholders at 4% for the next regulatory period from 2021, about half of the previous limit. “We want to cut the cost to consumers for accommodating electric vehicles, renewables and electricity storage, and make sure that all consumers benefit from these technologies,” Jonathan Brearley, Ofgem executive director for systems and networks, said.

After a relatively upbeat start, broader markets fell on December 14 due to concerns about slowing global economic growth. The S&P 500 fell 1.2%, while utilities gained 0.6% for the week ending December 14. So far in 2018, utilities have outperformed broader markets. Including dividends, the Utilities Select Sector SPDR ETF (XLU), the representative of the top utilities in the country, has returned 11%, while broader markets have returned -1% year-to-date.

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders
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Opus One Solutions, the leader in transactive energy and distributed energy software solutions, today announced it has closed a series B funding led by Renewal Funds to further the company’s mission to embed their energy solutions across North America and the globe. This latest infusion of capital will help Opus One expand their offerings in the United States, Canada and globally at a crucial time when utilities are grappling with the complexities of transitioning from an electric grid dominated by large, centralized power plants to one in which customers increasingly own distributed energy resources (DERs) like solar panels, battery storages, electric vehicles and smart homes. “The energy sector is changing rapidly and providing new opportunities for utilities and organizations to better deploy energy solutions.

left the company to become CFO at U.S. construction equipment maker Caterpillar Inc. Before his appointment as interim CFO, Mr. Agg worked as National Grid’s group tax and treasury director since 2016. National Grid also provides electricity and gas in Massachusetts, New York and Rhode Island.

The first electricity power link connecting Britain and Belgium is due to start operation in the first quarter of 2019, with construction now complete, Britain's National Grid said on Wednesday. Both countries are keen to increase their electricity supplies, with Belgium in particular needing new sources of power with five of its seven ageing nuclear reactors closed for repairs. The 600 million pound Nemo project is being developed by National Grid (NG.L) and Belgian grid operator Elia.

Electricity and gas utility company National Grid Plc reported a 6 percent fall in half-yearly underlying operating profit on Thursday, hurt in part by lower profit from its U.S. units where a string of ...

We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the government. The 13F filings show the funds’ and investors’ portfolio positions as of June 30. In this article we look at what those investors think of NXP Semiconductors NV (NASDAQ:NXPI) and compare it […]

John Pettigrew has been the CEO of National Grid plc (LON:NG.) since 2016. First, this article will compare CEO compensation with compensation at other large companies. After that, we will Read More...

Britain will be able to meet power and gas demand this winter, even in the event of an extreme cold snap, National Grid said in its 2018/19 winter outlook report on Thursday. In March this year National Grid was forced to issue a gas deficit warning for the first time in eight years after Europe was gripped by a cold snap, dubbed the "Beast from the East", and after several pieces of gas infrastructure suffered outages. National Grid said the warning had the desired effect, encouraging more gas to come to the market and demonstrated that Britain can meet its gas demands from a variety of sources even if there is an extreme event.

WALTHAM, Mass., Oct. 5, 2018 /PRNewswire/ -- The American Council for an Energy-Efficient Economy (ACEEE) released its 2018 State Energy Efficiency Scorecard yesterday, and once again, National Grid's service area in three states — Mass., R.I., and N.Y.—all ranked among the top ten in energy efficiency. Massachusetts ranked number one for the eighth year in a row, with R.I. ranked third, and N.Y. moving from seventh in 2017 to sixth this year. Additionally, in their most recent rankings, ACEEE named R.I. and Mass. as top states with utility-sector energy-efficiency programs and policies.

Philip Morris International Inc. (PM), British American Tobacco PLC (BTI), Westpac Banking Corp. (WBK) and National Grid PLC (NGG) have declined to their three-year lows. The prices of Philip Morris International Inc. (PM) shares have declined to $79.33 on Sept. 14, which is only 3.9% above the 3-year low of $76.21. Philip Morris International Inc. is an American international cigarette and tobacco manufacturing company best known for its Marlboro brand.